Brokerages Set Power Integrations, Inc. (NASDAQ:POWI) Price Target at $78.00

Shares of Power Integrations, Inc. (NASDAQ:POWI) have earned a consensus rating of “Moderate Buy” from the seven research firms that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $78.00.

POWI has been the topic of a number of research reports. Benchmark reaffirmed a “buy” rating and issued a $78.00 price objective on shares of Power Integrations in a report on Friday, February 7th. StockNews.com cut shares of Power Integrations from a “buy” rating to a “hold” rating in a research note on Thursday.

Insider Activity at Power Integrations

In other Power Integrations news, CEO Balu Balakrishnan sold 12,507 shares of the business’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $60.64, for a total transaction of $758,424.48. Following the completion of the transaction, the chief executive officer now owns 600,002 shares of the company’s stock, valued at approximately $36,384,121.28. The trade was a 2.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Sandeep Nayyar sold 1,929 shares of the firm’s stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $50.89, for a total transaction of $98,166.81. Following the completion of the sale, the chief financial officer now owns 107,357 shares in the company, valued at approximately $5,463,397.73. The trade was a 1.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 52,105 shares of company stock valued at $3,075,198 over the last three months. 1.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. UMB Bank n.a. increased its holdings in Power Integrations by 43.9% in the 4th quarter. UMB Bank n.a. now owns 629 shares of the semiconductor company’s stock worth $39,000 after purchasing an additional 192 shares in the last quarter. MML Investors Services LLC increased its stake in shares of Power Integrations by 3.4% in the third quarter. MML Investors Services LLC now owns 6,231 shares of the semiconductor company’s stock valued at $400,000 after buying an additional 207 shares during the period. Snowden Capital Advisors LLC raised its holdings in Power Integrations by 1.8% in the 4th quarter. Snowden Capital Advisors LLC now owns 12,127 shares of the semiconductor company’s stock valued at $748,000 after buying an additional 211 shares during the last quarter. Pacer Advisors Inc. boosted its position in Power Integrations by 2.8% during the 4th quarter. Pacer Advisors Inc. now owns 8,480 shares of the semiconductor company’s stock worth $523,000 after buying an additional 230 shares during the period. Finally, Covestor Ltd grew its holdings in Power Integrations by 16.9% during the 4th quarter. Covestor Ltd now owns 1,619 shares of the semiconductor company’s stock worth $100,000 after acquiring an additional 234 shares during the last quarter.

Power Integrations Stock Down 2.7 %

Shares of POWI stock opened at $43.68 on Thursday. Power Integrations has a 12 month low of $41.19 and a 12 month high of $79.13. The stock has a 50-day moving average price of $58.27 and a 200 day moving average price of $61.39. The firm has a market cap of $2.48 billion, a price-to-earnings ratio of 76.63, a PEG ratio of 4.08 and a beta of 1.32.

Power Integrations (NASDAQ:POWI) last announced its earnings results on Thursday, February 6th. The semiconductor company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.12). Power Integrations had a return on equity of 4.48% and a net margin of 7.69%. Sell-side analysts predict that Power Integrations will post 0.93 earnings per share for the current fiscal year.

Power Integrations Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, February 28th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date was Friday, February 28th. Power Integrations’s dividend payout ratio (DPR) is presently 147.37%.

Power Integrations Company Profile

Power Integrations, Inc designs, develops, manufactures, and markets analog and mixed-signal integrated circuits (ICs), and other electronic components and circuitry used in high-voltage power conversion worldwide. The company provides a range of alternating current to direct current power conversion products that address power supply ranging from less than one watt of output to approximately 500 watts of output for mobile-device chargers, consumer appliances, utility meters, LCD monitors, main and standby power supplies for desktop computers and TVs, LED lighting, and various other consumer and industrial applications, as well as power conversion in high-power applications comprising industrial motors, solar and wind-power systems, electric vehicles, and high-voltage DC transmission systems.